Business Studies, asked by anandtomar6112, 1 year ago

Principles of auditors and audit process conclusion

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Answered by Anonymous
11

Answer:

The fundamental reason for the failure was the misconduct of the audit firm which was Ernst & Young and the work of the board in conjunction with the auditors. The similarities between the collapse of Enron and the collapse of Lehman Brothers could be seen in the areas of audit risk and auditors giving incorrect audit reports.

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Answered by rishikeshgohil1569
7

Answer:

The fundamental reason for the failure was the misconduct of the audit firm which was Ernst & Young and the work of the board in conjunction with the auditors. The similarities between the collapse of Enron and the collapse of Lehman Brothers could be seen in the areas of audit risk and auditors giving incorrect audit reports.

PLZ FOLLOW ME

Explanation:

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